Big Banc Split Corp T.BNK

Alternate Symbol(s): T.BNK.PR.A

The investment objectives for the Preferred Shares are to provide their holders with fixed cumulative preferential monthly cash distributions in the amount of $0.05 per Preferred Share ($0.60 per annum or 6.0% per annum on the issue price of $10.00 per Preferred Share) until November 30, 2023 (the Maturity Date) and to return the original issue price of $10.00 to holders on the Maturity Date. The Company will invest on an approximately equally-weighted basis in Portfolio Shares of the following publicly traded Canadian banks: Bank of Montreal; Canadian Imperial Bank of Commerce; National Bank of Canada; Royal Bank of Canada; The Bank of Nova Scotia; and The Toronto-Dominion Bank. The Portfolio will generally be rebalanced on a quarterly basis, starting on September 30, 2020, so that as soon as practicable after each calendar quarter the Portfolio Shares will be held on an approximately equal weight basis.

TSX:BNK - Post by User

Big Banc Split Corp

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Comment by tinman8on Mar 03, 2010 1:31pm

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Post# 16838894

RE: Fully valued...for now?

mrmomo - with respect I have to disagree with much of your assessment.
In particular I would like to draw your attention to Bankers news release dated July 14th 2009 in which they announce their first EXPORT shipment of oil from the new viore port terminal. Ergo Bankers does not have to receive lower than normal market price for their oil.
Moreover, the SP is not a simple reflection of present or even near future production - but also takes into account the huge reserves and the attractiveness of the company as a buyout target
GLA

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